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Originally Posted by audreyh1
And this on top of the S&P 500 less that 10 points from it's all time high back in 2000.
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Well, Audrey, if we're really going to get anything more than 2% equity returns over the foreseeable future, you're just going to have to get used to new record highs on the indexes. Keep in mind that earnings are growing. Record prices on absolute terms really tell you nothing of value.
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Originally Posted by Nords
Unless it's really really different this time...
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You mean different from all the other years where the S&P closed at record highs: 1952, 1954, 1955, 1956, 1958, 1959, 1961, 1963, 1965, 1967, 1968, 1972, 1980, 1982, 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1991, 1992, 1993, 1995, 1996, 1997, 1998, 1999, 2007(?), . . .
I'd sure hate to be the guy who bailed out of the market in 1952 because it hit an all time high of 26.57 and is still waiting for "reasonable" prices to get back in.